CleanMax Q1 FY27: Adj. EBITDA up 74% YoY; RE Power Sales 6 GW
Clean Max Enviro Energy Solutions Ltd (CleanMax) reported strong Q1 FY27 financial results. Revenue from operations more than doubled year-on-year to ₹832 crore, with Adjusted EBITDA growing 74% YoY to ₹494 crore. Reported PAT stood at ₹55 crore. The company's contracted RE Power Sales capacity reached 6 GW as of June 30, 2026, and the total contracted portfolio, including RE Services, hit 6.8 GW, a threefold increase over two years. CleanMax achieved a record quarterly commissioning of over 0.5 GW. Demand from the data center and AI segment significantly contributed, accounting for 42% of contracted RE Power Sales capacity. The company aims for over 1.5 GW RE Power Sales capacity addition in FY27 and has improved its weighted average cost of project debt to 8.4%. The Board also approved domestic bond issuance for capital diversification.
Key Highlights
- Q1 FY27 revenue doubled to ₹832 Cr; Adjusted EBITDA grew 74% YoY to ₹494 Cr.
- Contracted RE Power Sales capacity reached 6 GW; total portfolio 6.8 GW.
- Record 0.5 GW capacity commissioned in Q1 FY27 across India.
- Data center and AI segment drives 42% of contracted RE Power Sales capacity.
- Weighted average project debt cost improved to 8.4%; bond issuance approved.
Price Impact
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